Our Fragile, Brittle Stock Market – Investment Watch
This heavily managed ‘market structure’ is far from equilibrium and extremely prone to instability. The relentless melt-up in stocks offers ample evidence that the market is rock-solid and that any decline is an enormous opportunity to buy the dip. That this has worked splendidly for the past 13 years cannot be denied. This doesn’t necessarily guarantee the next 13 years will merely be an extension of the same trend. The market’s sources of fragility and brittleness are well cloaked by low-volume melt-ups; these vulnerabilities only become visible in high-volume sell-offs such as ...
Source: investmentwatchblog.com
